Debt Recovery in Russia

If you conduct business in Russia, you will be aware that the business culture differs from other cultures. As regulations are also very different from those in most other countries, collection in Russia can be a challenge. Our lawyers are fully versed in the regulations in Russia, speak the language and have an understanding of the business culture in Russia.

Successful collection in Russia

Do your invoices remain unpaid by your Russian debtor? Make sure that you can prove your claim. in Russia, it is advisable to put your agreements in writing. Retain your:

Signed agreements;

General conditions;

Order confirmations;

Copies of invoices;

Proof of delivery or services;

Correspondence with the debtor.

If possible, it is advisable to record agreements and conditions in English and/or the native languages of each party.

In case it turns out that your debtor does not want to pay, we advise you to immediately send a reminder, stating a clear description of the invoice and indicating a clear term of payment of approximately 14 days.

When your Russian business partner does not respond to your reminder, then you need to act swiftly and hand your claim over for recovery. We are able to recover most claims in Russia extrajudicially, in the form of a payment arrangement or otherwise.

Extrajudicial and judicial Debt Collection in Russia

When you hand your claim over for collection, we will immediately demand in writing and on the telephone that your Russian business partner pays off his debt. If necessary, we will also engage in a face to face conversation with your debtor. If the debtor does not pay within the stated term, then, in consultation with you, legal proceedings will be commenced. Often this step will encourage your Russian debtor to take this debt seriously and pay the invoices.

Debt Recovery based on No Win, No Fee

In case we do not collect, then your company does not have to pay us a legal fee. In our view, you should always be able to opt for the quality of a Debt Recovery Lawyer. If the debtor does not pay, we will merely charge you our administrative fee of €150.00.

Contact

Would you like more information about collections or bringing legal action in Russia? Fill out the contact form or call us: +44 (0)20 3808 5878.